Have you fallen victim to high-priced car insurance? Trust us, there are many people just like you. Drivers have so many insurers to pick from, and although it’s a good thing to be able to choose, lots of choices makes it harder to find a good deal.
You should take the time to get comparison quotes quite often because prices tend to go up over time. If you had the lowest price on G10/1500 coverage a year ago a different company probably has better rates today. So ignore everything you know about car insurance because I’m going to teach you one of the best ways to reduce your cost while increasing coverage.
This article will introduce you to the best way to quote coverages and some tricks to saving. If you are paying for car insurance now, you will be able to reduce your rates substantially using these methods. Drivers just need to learn the most effective way to compare rates on the web.
How to Lower Your Car Insurance Cost
All major car insurance companies such as Progressive, Allstate and GEICO give pricing on the web. The process is pretty easy as you simply type in your personal and coverage information into a form. Behind the scenes, their rating system orders credit information and your driving record and returns a price based on many factors. This helps simplify price comparisons, but the time it takes to visit each company’s website and repetitively type in the same information can be a bit tiresome and repetitive. Unfortunately, it is important to do this in order to get better prices.
A less time-consuming method to lower your rates uses one simple form to return rates from more than one company. The form is fast, helps eliminate reptitive entry, and makes online quotes much more efficient. As soon as you send your information, it gets priced and you can choose any of the pricing results.
If one or more price quotes are lower than your current rates, it’s easy to complete the application and buy the policy. The whole process takes just a few minutes to complete and could lower your rates considerably.
In order to find out how much you’re overpaying now, click here to open in new window and enter your vehicle and coverage information. If you have coverage now, it’s recommended you replicate as close as possible to your current policy. Doing this assures you will receive a price comparison based on the exact same insurance coverage.
Cut your car insurance rates with discounts
Insuring your fleet can be pricey, but companies offer discounts to help offset the cost. Certain discounts will be triggered automatically when you purchase, but a few must be specifically requested prior to receiving the credit. If they aren’t giving you every credit available, you’re paying more than you need to.
- Homeowners Discount – Owning a home may trigger a car insurance policy discount because owning a home is proof that your finances are in order.
- Anti-lock Brake System – Anti-lock brake equipped vehicles prevent accidents and qualify for as much as a 10% discount.
- Federal Government Employee – Active or retired federal employment can earn a discount up to 10% on G10/1500 coverage with certain companies.
- College Student – Any of your kids who attend school more than 100 miles from home and do not have access to a covered vehicle can receive lower rates.
- Lower Rates for Military – Being on active duty in the military can result in better rates.
- Multi-car Discount – Buying coverage for more than one vehicle on one policy may reduce the rate for each vehicle.
- Auto/Life Discount – Some companies give a break if you buy life insurance from them.
Keep in mind that most credits do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as comprehensive or collision. So when it seems like all those discounts means the company will pay you, it just doesn’t work that way. Any qualifying discounts will cut your premiums.
Why your Chevy G10/1500 insurance rates may be high
Smart consumers have a good feel for the different types of things that go into determining the rates you pay for car insurance. Understanding what determines base rates empowers consumers to make smart changes that could result in lower car insurance prices.
Listed below are some of the factors used by your company to calculate premiums.
- Adjust deductibles and save – Insurance for physical damage to your car, also known as collision and other-than-collision, protects your Chevy from damage. Examples of covered claims would be collision with another vehicle, collision with an animal, and burglary. Physical damage deductibles are the amount of money you are required to spend out-of-pocket before your car insurance pays a claim. The more expense you’re willing to pay, the lower your rates will be on G10/1500 coverage.
- Being married is a good thing – Getting married helps lower the price on your policy. Having a spouse translates into being more responsible and it’s statistically proven that being married results in fewer claims.
- Choose a safe vehicle and save – Vehicles with high crash test scores tend to have better insurance rates. The safest vehicles have better occupant injury protection and lower injury rates translates into savings for insurance companies and thus lower rates. If your Chevy has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
- Liability insurance protects assets – Liability coverage is the coverage that protects you when you are found liable for causing damage or personal injury in an accident. Liability insurance provides for a legal defense which can be incredibly expensive. Liability insurance is quite affordable when compared with rates for comp and collision, so drivers should carry high limits.
Aren’t my neighborhood agents an option?
A small number of people prefer to sit down with an agent. Agents can point out coverage gaps and help file insurance claims. One of the great benefits of price shopping on the web is you may find better rates but still work with a licensed agent. Supporting local businesses is important especially in smaller rural communities.
After completing this form (opens in new window), your information is immediately sent to local insurance agents who will battle for your business. You don’t have to leave your computer because quoted prices will be sent to your email. Now that’s easy!
Types of insurance agencies
When finding a good insurance agency, you need to know there are two types of insurance agents to choose from. Agencies are categorized either captive or independent. While both can properly insure your vehicles, but it’s worth learning how they differ because it can influence your selection of an agent.
Independent Agents (or Brokers)
Independent agencies are not locked into one company so they have the ability to put coverage with multiple insurance companies and potentially find a lower price. To transfer your coverage to a different company, the agent simply finds a different carrier and you won’t have to switch agencies.
When searching for an agent, it’s a good idea to include at a minimum one independent agency to ensure the widest selection of prices.
Captive Insurance Agents
Captive insurance agents write business for a single company and some examples include AAA, State Farm, Farmers Insurance and Allstate. Captives cannot provide prices from multiple companies so they have no alternatives for high prices. Captive agencies are usually quite knowledgeable on their company’s products which can be an advantage.
To view a complete directory of agents, click here.
Deciding on a car insurance agent needs to be determined by more than just a low price. Any agent should have no problem answering these questions:
- Are they full-time agents?
- Are there any discounts that you might be missing?
- Who is covered by the car insurance policy?
- Do they regularly work with personal auto policies?
- Do they review policy coverages at every renewal?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- If your car is in the repair shop, do you have coverage for a rental car?
Upon receiving answers to your satisfaction to these questions in addition to an acceptable price estimate, chances are good that you have found an insurance agent that will adequately provide car insurance.
You are unique and your car insurance should be too
When it comes to choosing proper insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that For example, these questions may help you determine whether you could use an agent’s help.
- Do I get a pro-rated refund if I cancel my policy early?
- Does my insurance cover a custom paint job?
- Can my teen driver be rated on a liability-only vehicle?
- Do I have coverage for damage caused while driving under the influence?
- When should I drop full coverage on my Chevy G10/1500?
- Will I be non-renewed for getting a DUI or other conviction?
If you can’t answer these questions, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.
Smart shoppers get results
When you buy insurance online, it’s a bad idea to skimp on critical coverages to save a buck or two. There are a lot of situations where someone dropped physical damage coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.
Cheap Chevy G10/1500 insurance is attainable on the web and with local insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. A few companies do not offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.
